Daily Alert – Wednesday 13th December 2023: All eyes on the Fed

Mark NugentDaily Alert, December 2023

Daily Alert – Wednesday 13th December 2023: All eyes on the Fed

Good afternoon.

UK GDP for October came in at a rather rubbish -0.3%, less than both the expectation and the September number.

In the US, the Producer Price Index for November also missed expectation but was still a positive number. So, evidence of the effect of Fed rate cuts but nothing to be alarmed about.

All eyes are on the Fed at 7pm, UK-time. It will probably be a damp squib. More interesting will be tomorrow’s central bank bunfights from London and Frankfurt.

I see no clear, high-probability trades at the moment. In the video, I show this quite clearly. But we continue to do the work of analysis and thinking, and never trade for the sake of it.

I will be back tomorrow to pick through the morsels from Powell, Lagarde and Bailey.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE